A Car Dealer Offers Payments of $522

question 94

Multiple Choice

A car dealer offers payments of $522.59 per month for 48 months on an $25,000 car after making a $4,000 down payment.What is the loan's APR?

• A)6 percent
• B)9 percent
• C)11 percent
• D)12 percent 21,000 = 522.59

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